Reuters - Daily Investor Update

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Thursday, August 24, 2017

Wall Street edges lower with Jackson Hole meeting in focus

(Reuters) - U.S. stocks dipped on Thursday as political uncertainty in Washington kept investors cautious ahead of comments on monetary policy from central bankers gathered for their annual meeting in Jackson Hole, Wyoming.

Amazon to cut Whole Foods prices amid intense grocery turf war

(Reuters) - Amazon.com Inc said on Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc , sending shares of rival grocers tumbling over fears of even more brutal market share battles.

Low world inflation dogs central bankers, even as economies grow

JACKSON HOLE, Wyo. (Reuters) - The world's top central bankers gather in Jackson Hole, their confidence bolstered by a sustained return to economic growth that may eventually allow the European Central Bank and the Bank of Japan to follow the Federal Reserve in winding down their crisis-era policies.

Apple to build Iowa data center, get $207.8 million in incentives

(Reuters) - Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority and Waukee city council.

U.S. indicts former Societe Generale bank managers over Libor scheme

WASHINGTON (Reuters) - The U.S. Justice Department said it had indicted on Thursday two former managers at French bank Societe Generale for their roles in a scheme to manipulate the global Libor benchmark interest rate.

Exclusive: Tesla's 'long-haul' electric truck aims for 200 to 300 miles on a charge

SAN FRANCISCO (Reuters) - Tesla Inc next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market.

Dollar inches up ahead of Jackson Hole policymakers' meeting

NEW YORK (Reuters) - The dollar edged higher on Thursday after another politically-driven slide against the euro and yen the previous session, as investors shifted focus away from government tension in Washington to an upcoming global central bankers' gathering.

Investor Benchmark claims ex-Uber CEO is a 'corrosive influence'

SAN FRANCISCO (Reuters) - Benchmark Capital called ousted Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick a "corrosive influence" on the ride-services company in a court filing on Thursday, the latest salvo in a battle between the two over Kalanick's presence on Uber's board.

In wake of Foxconn deal, Wisconsin and Illinois vie for jobs

CHICAGO (Reuters) - The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project.

SoftBank invests additional $3 billion in shared-office startup WeWork

(Reuters) - WeWork Cos said on Thursday it received an additional $3 billion investment from Japan's SoftBank Group and its Vision Fund, helping the shared-office startup ramp up its expansion globally.